KOSDAQ Triggers Buy Sidecar for Second Consecutive Day

The KOSDAQ index triggered a program trading halt (sidecar) on the 6th after surging for the second consecutive day despite concerns over escalating tensions from the Iran conflict.

According to the Korea Exchange, program buy orders were suspended for five minutes at 9:11:52 a.m. due to fluctuations in KOSDAQ 150 futures prices and the spot index (KOSDAQ 150).

At the time of activation, KOSDAQ 150 futures had risen 123.20 points (6.36%) from the previous day's closing price, while the KOSDAQ 150 index gained 69.04 points (3.47%).

This marks the second consecutive day the KOSDAQ sidecar has been triggered, following its activation on the 5th.

A KOSDAQ sidecar is triggered when KOSDAQ 150 futures prices rise 6% or more from the benchmark price and the KOSDAQ 150 index rises 3% or more from the previous trading day's closing value, with both conditions sustained simultaneously for one minute.